§ Mr. Austin Mitchell
asked the Chancellor of the Exchequer, further to his reply dated 29 July 1980, Official Report, c. 683, concerning the effect of North sea oil on manufacturing industry, how the average rate of growth since 1980 compares with experience between 1973 and 1979.
§ Mr. Moore
According to the estimates published by the CSO on 29 June, total gross domestic product, using the average measure, grew at an annual rate of a little over 1 per cent. between 1973 and 1979. In the first quarter of this year, total GDP was almost 1 per cent. higher than the average for 1980.